Employing The Community Entrepreneurship In Solving The Economic Challenges

By Paulette Short


Community entrepreneurship involves those business activities that are aimed at improving the welfare of the community. Students who have acquired the basic entrepreneurial skills undertake to use their skills in eliminating poverty within the specified society. Community entrepreneurship helps in coming up with the best foundations of developing a successful enterprise. In the long run it helps in sparking greater economic growth in the subject economy.

This type of entrepreneurship involves the some strategic business planning, market analysis and projection as well as the marketing techniques. The students are therefore equipped with the basic skills and expertise that are helpful in the community growth and development.

On their graduation or completion, the students are given the task of practicing what they have learnt so far to ensure that actually that which was initially intended for the whole training. Training is good and only beneficial when the skills and expertise is put into practice.

This in return help the students to offer the most immediate and effective solutions to these problems. This is done through conducting the most famous corporate social responsibilities. These include activities like general market cleaning, conducting social events like competitions, and even engaging in scholarships and sponsorship.

The skills on the social responsibility on offer in this training, concern about how social aspect of the society can be improved. These include how to raise living standard and offering the commodities that specifies the consumer demand. It also involves the activities like market research, marketing strategies to identify the most urgent requirement of the society.

Some of the issues addressed in the plan is the provision of education and other social and economic amenities. Through education, students from the poor backgrounds get the opportunity to further their studies and compete with their counterparts from the wealthy families. They are therefore able to acquire knowledge which is helpful in the long run.

This should be the first step to find the long term solutions to the problems that affect the society. The students should be given free and full term scholarships to enable them access education without any interruption. By doing that an urgent urge is created on the minds of the students and with the knowledge they obtain they are capable of engaging in productive activities that will lead to economic growth.

With the economic recession currently experienced in most common parts of the world, many societies have less developed leading to high rate of poverty. Poverty is a major threat to social security and as well lowers the level of living standard in the society. Economic growth is therefore helpful to avoid the contingencies that might arise in response to poverty.

The community entrepreneurship is very important and has helped various communities or local societies achieve the long turn development and growth of economy. When every labor is employed in the market, there is high production of consumer goods. This leads to economic stability and growth.




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